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Lookonchain Profile picture
@lookonchain
May 29, 2023 • 8 tweets • 8 min read • Read on X
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1/ Note that 249.8M #1INCH ($100M) will be unlocked after 3 days, 16.65% of the total supply.

Will this lead to a huge sell-off in the market?

A thread. 🧵 Image
2/ The data shows that the price of #1INCH has dropped for a long time after the first 3 unlocks.

The price drop after the 2nd unlock was also affected by the UST/LUNA crash.

However, the price drop after the 1st and 3rd unlocks is largely due to the sell-off after unlocking. ImageImageImage
3/ Some investors will deposit to the exchange to sell after obtaining the unlocked #1INCH.

For example, addresses starting with "0xbBCD" (related to Alameda) deposited #1INCH to exchanges immediately after unlocking.

etherscan.io/token/0x111111… ImageImage
4/ Some investors will not sell after #1INCH is unlocked, including Binance Labs and Pantera Capital.

etherscan.io/token/0x111111…
etherscan.io/token/0x111111… ImageImage
5/ Let's check #1INCH's financing.

Investors in the Seed and Series A rounds will receive 19.5% of the total supply, so the average cost is ~$0.05.
blog.1inch.io/1inch-token-an…

$175M was raised in the Series B Round, the token sale price is $1.5.
coindesk.com/business/2021/… ImageImage
6/ The price of #1INCH today is $0.4.

According to the speculated token sale price, Seed and Series A investors will receive 8x of their initial investment, but Series B investors will lose 73% of funds.

If the token sale price is wrong, anyone can correct it here. @1inch Image
7/ According to @1inchSupport, the unlock time is the first of the month.

So starting from June 1st, investors can claim #1INCH tokens.

Please pay attention to whether #1INCH flows into the exchanges after unlocking.
8/ And you can check my previous tweets:

Follow @lookonchain and turn on notifications, or join our telegram group to receive alpha information.
t.me/lookonchain

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More from @lookonchain

Lookonchain Profile picture
Jun 30
The price of $ARB has surged 40% over the past week.

Why is it pumping, and what’s happening on-chain?

1/ Here’s a thread 🧵 Image
2/ The rally in $ARB was fueled by speculation that Robinhood might partner with Arbitrum to build a blockchain platform enabling European investors to trade U.S. stocks. Image
3/ Data from DefiLlama shows that Arbitrum recorded 418.4K active addresses over the past 24 hours, up 25% from the previous week. Image
Read 8 tweets
Lookonchain Profile picture
May 7
Did Zerebro dev Jeffy Yu really commit suicide?

What happened?

1/ A thread🧵 Image
2/ May 4:

A token called $LLJEFFY was launched.

Jeffy Yu published an article about Legacoins on Mirror, where he mentioned LLJEFFY.

Meanwhile, a live clip of Zerebro dev Jeffy Yu shooting himself was circulated online.

But it did not attract much attention at the time.

Most people believing it was just a meme dev pulling another publicity stunt.

mirror.xyz/jyu.eth/Ekd5Rj…

solscan.io/tx/3fKX6o9MV76…Image
Image
3/ May 6:

The obituary website Legacy published the obituary of Zerebro dev Jeffy Yu.

Zerebro DEV seems to have published a timed article, claiming that $LLJEFFY was his final art piece.

At the same time, Zerebro's official X account and Jeffy Yu's personal X account were both cancelled.Image
Image
Image
Image
Read 7 tweets
Lookonchain Profile picture
Jan 7
I've never seen such a smart trader!

A ~$19M profit on $ai16z—a 6,400x return.

An $18M+ profit on $Fartcoin—a 1,490x return.

This trader has been actively trading with an impressive 89.07% win rate over the past 30 days.

1/ Let’s take a look at which tokens he is buying. Image
2/ This trader spotted $ai16z early on Oct 25, 2024, and bought 9.16M $ai16z for just 18 $SOL($3K).

So far, he has sold only 1.32M $ai16z for $1.71M and still holds 7.85M $ai16z($17.26M).

His total profit on $ai16z stands at an incredible $19M—a 6,400x return! Image
3/ This trader aped into $Fartcoin when its market cap was only $83K, spent $12.2K to buy 17.31M $Fartcoin, and sold 6.71M $Fartcoin for $5.41M.

He currently holds 10.6M $Fartcoin($12.83M), with a total profit of more than $18M. Image
Read 5 tweets
Lookonchain Profile picture
Dec 25, 2024
1/ What is $SPORE?

Let‘s take you through the on-chain records to show you how it works. Image
2/ According to the official docs, Spore.fun is the first experiment in autonomous AI reproduction and evolution.

Each AI agent in Spore.fun starts its journey by using Pump.fun on the Solana blockchain to create its own token. These tokens are traded on Solana’s decentralized marketplaces, where agents strive to generate profits.

spore.fun/blog/wtf
3/ The first generation began with only 1 agent, $SPORE.

$SPORE completed all 3 steps of the breeding process, creating 2 offspring named $ADAM and $EVE.

$ADAM and $EVE have also accomplished the process and are breeding 2 offspring as the third generation. Image
Read 8 tweets
Lookonchain Profile picture
Nov 19, 2024
What happened to $eliza and $ELIZA?

AI16z partner @shawmakesmagic tweeted that they freed $eliza and deployed a new token called $ELIZA!

Many insiders bought a massive amount of $ELIZA and dumped it!

1/ Let's dive in! Image
2/ Wallet"FEbv...4ZcW" deployed $ELIZA at 06:01:41 UTC.

Someone created 10 wallets and used them to buy 69.05M $ELIZA($5.2M currently) with 2.07 $SOL($503) at the same second the token was deployed.

The 69.05M $ELIZA has been transferred to new wallets and has not been sold. Image
Image
3/ GxkX...W2Yg is suspected by the community to be Logan(@futjr_)'s wallet.

GxkX...W2Yg sold a large amount of $eliza before $ELIZA was deployed and spent only 24.2 $SOL($5.9K) to buy 233.12M $ELIZA($17.67M currently), becoming the largest holder of $ELIZA.

solscan.io/account/GxkXGe…Image
Read 7 tweets
Lookonchain Profile picture
Nov 7, 2024
1/ Whale "walletmobile" is a legend!

He made $5.94M in just one day by betting on #Trump!

He earned $8.44M by trading $LINK in 2023.

He currently has an unrealized profit of $6.3M on $AAVE.

And today, he borrowed 33M $USDC from #Aave to buy 11,493 $ETH. Image
2/
Today, 2 wallets(belonging to the same whale) borrowed 33M $USDC from #Aave to buy 11,493 $ETH at $2,871.

One of the wallets was funded by the whale "walletmobile".

etherscan.io/address/0x3622…
etherscan.io/address/0xa923… Image
Image
3/ On November 5th, "walletmobile" spent $9.95M betting on #Trump to win the #USelection.

One day later, he sold all his positions, netting $5.94M!
Read 6 tweets

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